In the context of time varying utility of wealth, this paper generalizes the proposed analysis of temporal risk aversion in the case of a Decision Maker who acts as a Buyer in order to study a different notion of risk aversion: the concept of size-of-risk aversion. Sufficient conditions ensuring...

1. Introduction -- 2. The Financial System: the European Union perspective -- 3. The European banking system: main features along the evolutionary path -- 4. Banking support for firms: some business areas -- 5. FinTech: challenges and opportunities for banks and financial markets -- 6. An...

This paper studies excess of loss reinsurance with reinstatements in the case in which the aggregate claims are generated by a discrete distribution, in the framework of risk adjusted premium principle. More precisely, after the attention is focused on conditions ensuring feasibility of initial...